The PBOC may soon need to move away from using the reserve requirement ratio as a tool to spur liquidity and growth in the economy bloomberg.com/news/articles/… via Bloomberg Markets

"Problem is, with restrictions to contain the spread of omicron amid China’s ongoing Covid Zero strategy keeping consumers on edge, any new stimulus may end up being parked at banks rather than flowing through to the real economy." w/ Yujing Liu bloomberg.com/news/articles/…

NEW: "Let it rot" is the new "lying flat" for young Chinese people facing record unemployment. Read The Big Take ⬇️ trib.al/jvJTz4j

Recent surveys show Chinese households are more pessimistic about future income growth than they’ve ever been trib.al/nNQvnVH

China’s central bank has space to cut its main interest rates by as much as 50 basis points over the next year if repeated Covid outbreaks continue to drag on the economy, according to a former PBOC adviser trib.al/Gw3LnFm

China’s property market crisis is testing whether central bank Governor Yi Gang can stick to his stimulus-lite strategy trib.al/w7QRWbk

The People's Bank of China embraces "stimulus lite," according to Bloomberg. By necessity I would argue-credit demand is weak and loosening monetary policy will hardly matter. An economic boost has to come form fiscal policies, and structural reforms bloomberg.com/news/articles/…

Situation for blue-collar jobs in China is near the worst since 2016 trib.al/8RGCTiw

A solar panel parts factory worker quit after his boss said he couldn't take 20 days off for the Lunar New Year. Many workers across the nation don’t plan to return until after Feb. 5. trib.al/1IEruYG via Bloomberg

The People’s Bank of China signaled it may start gradually scaling back some of the stimulus measures implemented during the pandemic as the economy begins recovering and credit demand picks up bloomberg.com/news/articles/… via Bloomberg Economics

Paychecks are late. Fines are piling up. China’s $23 trillion local debt problem is just getting started trib.al/0ERc844

China can avoid a “balance sheet recession” if authorities take decisive actions to boost government borrowing and spending to stimulate the weakening economic recovery, a state think tank researcher says trib.al/1DWrq1A

China’s Central Bank Chief is Task Master Xi Couldn’t Let Retire trib.al/inzU5xh

Falling salaries and disappearing perks are hurting bankers and tech workers in China's biggest cities. That puts Xi Jinping’s campaign to revive economic growth at risk trib.al/XK5Z8mq

For decades, China’s biggest cities have been home to one of the world’s greatest economic success stories: a nearly unbroken rise in living standards that lifted millions into the middle class. That's now changing. A thread on wages. 🧵1/10

China needs to decisively ramp up fiscal spending so it can support an economy damaged by Western restrictions on trade, one scholar says trib.al/na3qnii

China’s central bank is aiming to squeeze more value out of its policy actions by catching markets unaware with surprise easing trib.al/ReWHhr4

Shut out of US markets and under fire in Europe, China’s EV makers are zeroing in on the countries where they’re welcome. One of the biggest is Brazil trib.al/2XRnLSK

NEW: China’s economy is in the midst of a wrenching transition, but one thing is becoming increasingly clear: Xi Jinping’s long quest for technology-driven “high-quality growth” is starting to pay off. Read The Big Take ⬇️ trib.al/cYpOoWi